India's Mahindra Q1 net falls 16.8 pct, lags f'cast

Newswire

MUMBAI, July 30 (Reuters) - Mahindra & Mahindra Ltd , India's top utility vehicle and tractor maker, on Wednesday reported an unexpected 16.8 percent drop in quarterly profit, hurt by high raw material costs and a losses on foreign exchange. Mahindra, which aims to enter the United States with a pick-up truck and a sport utility, said net profit was 1.59 billion rupees ($38 million) in the fiscal first quarter to end-June from 1.91 billion reported a year earlier. That lagged a ...

Premium Content (PAID Subscription Required)

"India's Mahindra Q1 net falls 16.8 pct, lags f'cast" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Already registered? here.

Sponsored Introduction Continue on to (or wait seconds) ×